New Horizon’s Flexible Tuition Program gives families an opportunity to apply for reduced tuition with anywhere from 10%-90% off of the regular tuition rates according to a family’s financial situation.
The focus of the Flexible Tuition program is on what parents can pay for their tuition, rather than looking at a grant or an award. This program offers a range of tuitions to support the economic diversity that is such an important component of our school community.
New Horizon uses a neutral, third-party organization to assist in the evaluation for Flexible Tuition. That organization is FAST, a service provided through Independent School Management (ISM) and is used by schools across the country to provide flexible tuition analysis. FAST offers families a secure online application system. Information entered in FAST is shared confidentially with New Horizon’s Flexible Tuition Committee. The school does NOT receive any funds from FAST.
To cover the shortfall in tuition, the school allocates some funds to NHSP based on the needs shown by families that apply. In addition, a portion of the school budget is allocated towards discounted tuition.
However, we appreciate every family’s willingness to make their best commitment to prioritize their lifestyle spending towards their child’s education in order for the school to remain financially healthy to provide the best educational program possible.
We encourage families who have concerns about their ability to afford the regular tuition rates to apply through FAST. The school works with every family to help set tuition based on the family’s unique financial situation. It is impossible for the School, or for a family, to determine the exact level of tuition, however, unless the entire FAST application is completed accurately.
All applications for Flexible Tuition are confidential. New Horizon School does not share a family’s financial information with other families or with New Horizon School faculty.
The formula used to evaluate tuition level considers many factors that may affect a family’s ability to pay, including income, assets, family size, cost of living, unusual expenses, and other discretionary costs.
To help us objectively assess what a family is able to contribute to education expenses, NHS uses ISM’s FAST (Independent School Management’s Financial Aid for School Tuition) as a trusted third party. We use FAST to provide a baseline for our flexible tuition determinations. The school does NOT receive any funds from FAST. The online FAST application must be filled out thoroughly and accurately for the school to consider a family’s true financial situation. Incomplete or inaccurate applications will not be considered, and families may be contacted by FAST personnel to verify information.
Here are the required steps to follow:
Important: For all families applying for Flexible Tuition, we ask that they complete the FAST application PLUS the Aldeen application (if applicable) in order to gain access to additional funds for the school to be able to provide tuition discounts.
All returning families must complete the FAST application and submit the necessary forms by January 4, 2023.
The FAST application and submission of necessary forms for new families applying to NHSP should be submitted along with new student online applications. To be considered for First Admissions cycle, you must submit the FAST application and tax returns by January 4, 2023. To be considered for the Second Admissions Cycle, all documents must be submitted by March 23, 2023. Please note: applications are not reviewed unless all documents are complete.
Current Families Deadline: January, 4 2023
1st Admissions Cycle – All documents due to Business Office by January 26, 2023.
2nd Admissions Cycle – All documents due to Business Office by March 13, 2023.
3rd Admissions Cycle – All documents due to Business Office by April 14, 2023.
In order to provide the NHS Flexible Tuition Committee and the Aldeen Foundation with the most accurate information to make appropriate decisions, prior and current tax returns are required. If you own a business or are self: employed, you will need to supply the committee with the correct schedules and itemized deductions.
The committees will NOT be able to review a family’s applications without the supporting documents. Flexible Tuition evaluations received after the deadline will be processed only after on-time applications. Reduced tuition may not be available for late submissions, and any taxes not submitted prior to the school year will result in no award given.
NHSP expects families to submit updated financial information each year so that tuition levels can be adjusted as needed based on changing circumstances.
The school requires that each household or parent fills out the FAST application and submits the paperwork separately. The school looks at the assets of both parents and households. The school cannot be bound by the assertion that one parent has disclaimed responsibility for educational expenses.
Questions about Flexible Tuition should be addressed to firstname.lastname@example.org or call at (626) 795-5186 Ext. 1126.